Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Mid July 2014 Market Sales

3,156 views

Published on

Home sales through the first 14 days of July 2014 were up by 11.6 per cent year-over-year to 3,891.

Published in: Real Estate
  • Be the first to comment

  • Be the first to like this

Mid July 2014 Market Sales

  1. 1. Greater Toronto REALTORS® are passionate about their work. They are governed by a strict Code of Ethics and share a state-of-the-art Multiple Listing Service. Over 39,000 TREB Members serve consumers in the Greater Toronto Area. TREB is Canada’s largest real estate board. Media Inquiries: Mary Gallagher, Senior Manager Public Affairs (416) 443-8158 maryg@trebnet.com GREATER TORONTO REALTORS® REPORT MID MONTH RESALE HOUSING MARKET FIGURES TORONTO, July 16, 2014 – Toronto Real Estate Board President Paul Etherington announced that TorontoMLS home sales through the first 14 days of July 2014 were up by 11.6 per cent year-over-year to 3,891. New listings were also up compared to the same period in 2013, but by a lesser annual rate of 9.7 per cent. “There are two key takeaways from the July mid-month results. First, given the continuation of strong sales growth, it is clear that buyers are still attracted to affordable home ownership options in the GTA. Second, if new listings growth continues to outpace sales growth, we could start to see an improvement in the overall supply of homes for sale. This would be a relief for some buyers who have been hard pressed to find a home that meets their needs in this tight market,” said Mr. Etherington. The average selling price for sales reported during the first two weeks of July 2014 was $549,174. This result was up by eight per cent compared to the same period in 2013. The strongest rates of price growth were reported for semi-detached houses and townhouses in the City of Toronto. “Annual average price growth remains in the high single-digits or low double-digits for many home types across the GTA. It is possible that we could see more choice for buyers in the second half of 2014 in the form of increased new listings. A sustained increase in choice for buyers could serve to gradually ease the pace of price growth in some market segments,” said Jason Mercer, the Toronto Real Estate Board’s Senior Manager of Market Analysis. Summary  of  TorontoMLS  Sales  and  Average  Price  July  1-­‐14,  2014     2014   2013     Sales   Average  Price   New  Listings   Sales   Average  Price   New  Listings   City  of  Toronto  ("416")   1,403   585,999   2,822   1,264   526,931   2,579   Rest  of  GTA  ("905")   2,488   528,408   4,490   2,222   498,358   4,088   GTA   3,891   549,174   7,312   3,486   508,718   6,667   TorontoMLS  Sales  &  Average  Price    By  Home  Type  -­‐  July  1-­‐14,  2014     Sales   Average  Price     416   905   Total   416   905   Total                Detached   448   1,428   1,876   $865,635   $630,595   $686,724   Yr./Yr.  %  Change   18.5%   12.4%   13.8%   8.8%   6.0%   7.2%   Semi-­‐Detached   139   259   398   $678,749   $444,269   $526,160   Yr./Yr.  %  Change   -­‐6.7%   4.0%   0.0%   14.5%   5.9%   8.6%   Townhouse   154   475   629   $498,907   $401,161   $425,093   Yr./Yr.  %  Change   8.5%   14.5%   12.9%   12.3%   7.3%   8.5%   Condo  Apartment   649   267   916   $396,078   $303,497   $369,092   Yr./Yr.  %  Change   10.9%   20.3%   13.5%   10.7%   5.6%   9.1%   -30- NEWS RELEASE

×